CSRA MOB Portfolio II, DST reached full cycle when its two medical office buildings were sold. Capital Square's announcement of the Kinston, North Carolina building carries the date October 11, 2023; the sale of the second building, in Mechanicsville, Virginia, surfaced later, in an August 2024 item. Capital Square first filed the offering with the SEC in 2014. From that first filing to the October 2023 sale is nine years.
Offering as filed
Sponsor | Capital Square |
Asset class | Commercial (medical office) |
Exemption | 506(b) |
Offering ceiling | $22.46 million |
Minimum investment | $25,000 |
First Form D filing | September 29, 2014 |
For the Kinston building, Capital Square reports a total return of 147.63%, as reported by the sponsor, in its October 2023 announcement, and puts the annualized return at 7.15%, as reported by the sponsor, on the offering's Capital Square page. For the Virginia building, an August 2024 AltsWire item reports an average total return of 136%, as reported by the sponsor.
The announcements Top1031 reviewed name the individual buildings rather than the trust by its registered title, and the reported figures attach to the underlying properties. The Form D on file states the offering's terms, not a return, and the record carries no original projection to set beside the sponsor's reported results.
With this disposition, CSRA MOB Portfolio II joins the 51 offerings Capital Square had previously taken full cycle on Top1031's record.